Nissay Asset Management Corp Japan ADV raised its holdings in shares of Equinix Inc (NASDAQ:EQIX) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,224 shares of the financial services provider’s stock after purchasing an additional 393 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Equinix were worth $2,820,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Middleton & Co Inc MA boosted its stake in Equinix by 6.8% during the 1st quarter. Middleton & Co Inc MA now owns 13,041 shares of the financial services provider’s stock valued at $5,910,000 after purchasing an additional 830 shares during the last quarter. MML Investors Services LLC boosted its stake in Equinix by 6.1% during the 4th quarter. MML Investors Services LLC now owns 3,241 shares of the financial services provider’s stock valued at $1,143,000 after purchasing an additional 185 shares during the last quarter. CapWealth Advisors LLC boosted its stake in Equinix by 5.1% during the 4th quarter. CapWealth Advisors LLC now owns 39,093 shares of the financial services provider’s stock valued at $13,783,000 after purchasing an additional 1,909 shares during the last quarter. Highland Capital Management LLC boosted its stake in Equinix by 79.6% during the 4th quarter. Highland Capital Management LLC now owns 1,827 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 810 shares during the last quarter. Finally, Calamos Wealth Management LLC purchased a new position in shares of Equinix in the 4th quarter worth $2,266,000. Institutional investors and hedge funds own 98.76% of the company’s stock.
In related news, CEO Charles J. Meyers sold 3,383 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $425.92, for a total value of $1,440,887.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles J. Meyers sold 282 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $462.31, for a total value of $130,371.42. Following the completion of the transaction, the chief executive officer now directly owns 5,882 shares in the company, valued at $2,719,307.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,143 shares of company stock worth $7,776,844. 0.49% of the stock is owned by insiders.
A number of research firms have recently issued reports on EQIX. ValuEngine upgraded Equinix from a “hold” rating to a “buy” rating in a research note on Wednesday. BidaskClub upgraded Equinix from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. UBS Group raised their price target on Equinix from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank raised their price target on Equinix from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $501.44.
Shares of Equinix stock opened at $484.00 on Thursday. Equinix Inc has a one year low of $335.29 and a one year high of $488.38. The firm has a market capitalization of $39.10 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.25.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $5.16 by ($3.72). Equinix had a return on equity of 5.66% and a net margin of 8.06%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $5.21 earnings per share. Equinix’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts forecast that Equinix Inc will post 20.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be issued a $2.46 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $9.84 dividend on an annualized basis and a yield of 2.03%. Equinix’s dividend payout ratio is currently 47.56%.
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Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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